the effect of the relationship between working capital efficiency and working capital policy with investment efficiency

the effect of the relationship between working capital efficiency and working capital policy with investment efficiency

the present study investigates the relationship between working capital efficiency and working capital policy with investment efficiency in companies listed on the tehran stock exchange. the statistical population of the research consists of 100 companies active in the tehran stock exchange. the relevant data have been extracted from the financial statements available in the database of the stock exchange and securities organization. the extracted data were entered into an excel spreadsheet and then entered into eviews software for analysis.

due to the combined nature of the data, which consists of time and cross-sectional series, the statistical model of data panel regression or composite data was used, so that for each time period and each index, a regression model was developed and then the estimated coefficients for each of the components of the research were determined. findings showed that the efficiency of working capital affects the investment efficiency of companies and working capital policy also affects the investment efficiency of companies. there is also an interactive effect between working capital efficiency and capital policy on the investment efficiency of companies.